Credit rating agency, CARE has reaffirmed AAA rating to Rs 1600 crore long term bank facilities of Grasim Industries. The rating agency has also reaffirmed A1+ rating to Rs 400 crore short-term bank facilities of the company.
The company has received the said ratings re-affirmation on the back of its resourceful promoter group, established track record, reputed brand image, the company’s leadership position and cost competitiveness in its core businesses - Viscose Staple Fibre (VSF) & Cement.
Grasim Industries is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90 per cent of its revenues and operating profits.
Company Name | CMP |
---|---|
Grasim Industries | 2441.70 |
DCM Shriram | 990.45 |
Birla Corporation | 1440.50 |
Surya Roshni | 577.65 |
Century Textile &Ind | 2146.00 |
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